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Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond Reviews

Updated Jul 16, 2021

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Found 122 of over 149 reviews

4.4
92%
Recommend to a Friend
98%
Approve of CEO
Federal Reserve Bank of Richmond President and Chief Executive Officer Tom Barkin (no image)
Tom Barkin
23 Ratings
Pros
  • "Benefits, bonus every year, work life balance, cares about employees(in 26 reviews)

  • "Potential for long term employment with great benefits including pension plan(in 16 reviews)

  • Cons
  • "Can be bias, very busy hard to have work/life balance(in 6 reviews)

  • "Not innovative due to a lot of "process" requirements and red tape(in 6 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee

      Fantastic

      Jul 15, 2021 - Intern - Hourly in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Culture is the best you can find

      Cons

      Nothing comes to mind - other than slow to innovate

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    2. 3.0
      Current Employee

      Great place to work

      Jul 16, 2021 - Business Continuity Analyst in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits and thrift plan

      Cons

      Not enough staff. Lots of weekends

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    3. 5.0
      Current Employee

      Great

      Jun 23, 2021 - IT Auditor in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Great Great Great Great

      Cons

      None None None None None

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    4. 5.0
      Former Employee

      Not the worst place but it needs a top down cleaning

      Dec 8, 2020 - Senior Disaster Recovery Analyst in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Job stability employer funded pension 401k match dollar for dollar 6% + free 1% (put in 6% and get 13%) Options for 100% healthcare - overall very good benefits Remote work accepted for most jobs

      Cons

      1.micro management 2.clueless management 3.horrible decisions made by management 4.poor management 5.the culture is so bad that the fed has to rip off another companies culture and try to institute it 6. promotions based on time served 7. poor performing employees are not reprimanded instead the better workers assume the heavy lift 8. Really bad management 9. VP + above have absolutely NO CLUE - they make decisions based on what "fed" has always done and not what the market calls for

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      2 people found this review helpful
    5. 5.0
      Current Employee, more than 8 years

      Great

      May 17, 2021 - Senior Manager in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Culture is top notch and welcoming of everyone

      Cons

      Nothing comes to mind right now.

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    6. 4.0
      Current Employee

      Overall rating

      Jun 22, 2021 - Chief Financial Officer (CFO) in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work Life Balance, People, and Challenging Work

      Cons

      Limited opportunities for future advancement

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    7. 5.0
      Former Employee, more than 1 year

      Generally good place to work

      Jan 23, 2021 - Associate 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Everyone at the Fed was very kind. Everyone I worked with was genuinely interested in helping with my career development. Benefits are generous. I think it is an underrated place for young people to work, especially considering benefits like tuition reimbursement and the low cost of living in Richmond. From few interactions, I think Tom Barkin is intelligent, hard-working, and makes an effort to be approachable to employees. It seems like he has been promoting excellent initiatives (rural economies, early childhood education, etc).

      Cons

      Like government organizations, the Fed slow to prioritize the adaption of new technology. I enjoyed my short time there, but this is not a place where I want to work long-term.

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    8. 4.0
      Current Employee, more than 8 years

      Decent work good people

      May 5, 2021 - IT Technology Manager in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits, flexibility, people, community activities

      Cons

      Career path needs to be better defined Old boys / girls network

      Continue reading
      1 person found this review helpful
    9. 5.0
      Former Employee, more than 10 years

      Great place to build your career!

      Feb 10, 2021 - Senior Vice President in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Mission focused, inclusive workplace where everyone is encouraged to bring their best self to work and lead from where they are in the organization.

      Cons

      Consensus driven decision making given the federated structure of the Fed can make it feel like 'ground hog day'.

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    10. 3.0
      Current Employee, more than 10 years

      REVIEWS OF MY CURRENT ESTA.

      Apr 1, 2021 - Wire Transfer Representative in Richmond, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      HEALTH. Medical Insurance, Vision Insurance, Dental Insurance, Life Insurance , Short & Long-Term Disability Insurance. FINANCE. Flexible Spending Account , Retirement Savings Plan, Free Checking Account, 125 Flex Plan, Paid Time Off, Growth Opportunities, Concierge Services, Tuition Reimbursement.

      Cons

      long i have been with the company, i could not find a dent

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    Viewing 1 - 10 of 122 Reviews

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